SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) saw an uptick in trading volume on Wednesday . Approximately 4,839,453 shares were traded during mid-day trading, an increase of 43% from the previous session’s volume of 3,388,892 shares.The stock last traded at $24.76 and had previously closed at $24.83.

SPDR Bloomberg Short Term High Yield Bond ETF Price Performance

The business has a fifty day moving average of $24.96 and a 200 day moving average of $25.08. The stock has a market cap of $4.88 billion, a price-to-earnings ratio of 0.90 and a beta of 0.29.

Institutional Trading of SPDR Bloomberg Short Term High Yield Bond ETF

Large investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC raised its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 649,964.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,294,726 shares of the company’s stock valued at $58,102,000 after purchasing an additional 2,294,373 shares in the last quarter. iA Global Asset Management Inc. boosted its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 40.5% in the fourth quarter. iA Global Asset Management Inc. now owns 7,069,236 shares of the company’s stock worth $178,993,000 after purchasing an additional 2,037,400 shares in the last quarter. Wealthfront Advisers LLC increased its position in SPDR Bloomberg Short Term High Yield Bond ETF by 46.5% during the first quarter. Wealthfront Advisers LLC now owns 5,365,286 shares of the company’s stock worth $134,025,000 after buying an additional 1,703,692 shares during the last quarter. Shenkman Capital Management Inc. raised its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 381.0% during the fourth quarter. Shenkman Capital Management Inc. now owns 1,443,140 shares of the company’s stock valued at $37,539,000 after buying an additional 1,143,095 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in SPDR Bloomberg Short Term High Yield Bond ETF during the fourth quarter valued at about $12,512,000.

About SPDR Bloomberg Short Term High Yield Bond ETF

The SPDR Bloomberg Short Term High Yield Bond ETF (SJNK) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market-value-weighted index of short-term publicly issued US high yield corporate bonds, with a remaining maturity of less than five years. SJNK was launched on Mar 15, 2012 and is managed by State Street.